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Homeowners insurance covers damage from the listed perils in your policy but won't cover wear and tear and water backup.

Your homeowners insurance premiums are based on where you live, your coverage amount, your home's age and condition. and a host of other factors.

Neobanks are digital-only fintech firms that appeal to those who prefer the convenience of online banking and make money through transaction fees.

The FDIC tracks and designates banks as minority depository institutions. Meanwhile, the NCUA has a similar program for credit unions.

Simultaneously paying off debt and saving for retirement is possible, but in some cases you should prioritize one over the other.

Debit and prepaid cards offer spending convenience for parents and kids alike. To find the best one for your needs, look for products that allow you to monitor spending, set limits, and easily transfer or add money.

You can usually buy gift cards with a credit card, though there are rare exceptions where you'll have to pay with cash instead.

Homeowners insurance is an essential purchase to make to avoid financial hardship if your personal property is damaged or you are sued.

Interest rates on savings accounts tend to go up when the Federal Reserve increases the federal funds rate. However, it may depend on where you bank.

Gather quotes with equal footing in coverage types and limits to ensure you're getting the most coverage at the best rate with a trustworthy provider.